In this Knoxville Insider Issue…

🌤️ Real Estate Edition - Should I use a REALTOR?
 

Should I use a REALTOR?

Using a REALTOR® offers several benefits to both buyers and sellers in the real estate market. While there are many reasons to use a REALTOR®, here are a few compelling reasons to consider:

• REALTORS® adhere to a strict code of ethics and professional standards, ensuring a high level of service and integrity in all transactions.

• They are experienced in resolving issues that may arise during a transaction, such as appraisal problems, inspection findings, and financing hurdles. If the deal takes a turn for the worse, your REALTOR®'s problem-solving abilities can be incredibly beneficial.

• You need representation. The agent on the other side will not be negotiating with your best interests in mind, but your REALTOR will be.

• People who sell their homes without a REALTOR® are prone to underpricing. A 2023 National Association of Realtors study found that FSBO (For Sale by Owner) homes can sell for about 24% less than those listed with licensed real estate agents, meaning these sellers lost out on money even after saving on agent fees.

• REALTORS® have a deep understanding of the local real estate market, including current market trends, neighborhood insights, and property values. They can provide a Comparative Market Analysis (CMA) to help sellers price their property competitively, maximizing their return on investment, and help buyers write a competitive offer.

• They can negotiate on behalf of sellers and buyers to secure the best possible terms and price, leveraging their expertise to navigate complex negotiations.

• REALTORS® often have a network of professionals, such as mortgage brokers, inspectors, and contractors, which can be invaluable.

•  From property viewings to closing, REALTORS® guide buyers and sellers through each step, helping them understand paperwork, timelines, and legal requirements.

• REALTORS® handle the legwork of searching for properties, scheduling showings, and managing paperwork, saving buyers considerable time and effort.

• They use various marketing strategies, including online listings, social media, open houses, and professional photography, to attract potential buyers.

• REALTORS® can offer suggestions for home staging and improvements to enhance a property’s appeal and marketability.

• By managing showings, inquiries, and offers, REALTORS® save sellers and buyers significant time and stress during the process.

• REALTORS® are required to take continuing education courses, keeping them up to date with the latest trends, laws, and market conditions.

Using a REALTOR® can make the complex process of buying or selling a home more efficient, less stressful, and ultimately more successful. The expertise, market knowledge, and professional network that REALTORS® bring to the table can be invaluable in navigating the real estate market.

Ask a Realtor😀 

This Real Estate Edition Issue brought to you by Barbara Newton

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